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California’s loss may be Arizona’s gain (access required)

California’s loss may be Arizona’s gain <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/12/lock1.png" border=0/></span>

California’s notoriously high taxes just got higher, and Arizona policymakers are looking to take advantage of the newfound opportunity to lure the Golden State’s businesses here.

On Election Day, California voters approved Proposition 30, which implements a four-year sales tax increase and a seven-year income tax hike on people who earn more than $250,000.

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Business group trying to veto-proof its tax-break bill (access required)

The Greater Phoenix Economic Council is rebooting its signature bill from the 2011 legislative session with some substantial changes that may help it avoid another veto.

The GPEC-drafted proposal, obtained by the Arizona Capitol Times, contains familiar benefits for businesses: A huge property tax break for companies that make major investments, and a tax break for Arizona-based companies that provide services to out-of-state customers.

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